BC Partners to enter a joint ownership agreement with Bain Capital for Fedrigoni

Bain Capital acquired Fedrigoni, a producer of self-adhesive labels, in 2017.

  • Fedrigoni sells and distributes 25,000 products in 132 countries
  • The new partnership will build on the organic growth acceleration and M&A that Fedrigoni achieved under Bain Capital’s ownership
  • Fedrigoni is committed to reduce by 30% its carbon emissions by 2030, and to reach carbon neutrality by 2050

Bain Capital Private Equity announced on Tuesday that it has signed documents to enter into joint ownership agreement for Fedrigoni, with BC Partners. Bain Capital originally acquired Fedrigoni in 2017. The transaction is expected to close by the end of 2022.

Headquartered in Milan, Fedrigoni specialises in the production of special papers for packaging, graphics, print and art, and in the conversion of paper and other materials into self-adhesive products.

Under Boston-based Bain Capital’s ownership, Fedrigoni has nearly tripled adjusted EBITDA through organic growth acceleration and M&A.

London-based BC Partners has developed a thematic focus on sustainability-driven growth in packaging, and the firm invested in IMA Group, a manufacturer of automatic machines for the processing and packaging, in February 2021. Fedrigoni is committed to reduce its carbon emissions by 30% by 2030, and to reach carbon neutrality by 2050.

“We are delighted by this opportunity to invest in Fedrigoni, a leader in sustainability focused packaging,” said Stefano Ferraresi, partner at BC Partners. “We are confident that this partnership with Bain Capital will create significant growth opportunities across the business. We share Marco’s vision and ambitious growth agenda and view Fedrigoni as the ideal platform to invest in this attractive segment of the market, with scope to continue to build on its leading positions in luxury packaging and labels and broaden its product portfolio through acquisitions and strategic partnerships.”

“The whole Fedrigoni leadership team and I are thrilled to continue our very ambitious growth path in partnership with Bain Capital and BC Partners”, said Marco Nespolo, Fedrigoni CEO. “The last four years have seen Fedrigoni undertake a very comprehensive and successful transformation, on product portfolio, geographic footprint, go-to-market, operating model, culture, and governance. This has been possible thanks to the great partnership with and strong support by Bain Capital.”